Book Details

The Doctor’s Guide to Owning a Financially Healthy Practice: What They Don’t Teach You in Medical School

Health care professionals who want to be successful don’t turn over their accounting to a bookkeeper and forget about it. You must understand your finances and keep them in order to operate a profitable practice. Join Dr. Sarah with the Desert Medical Care Co., a fictitious firm, as she navigates the world of accounting to establish a successful practice. Enrich your professional and personal life with explorations of the following: Ã¢â‚¬Â¢ Generally Accepted Accounting Principles and how to abide by them; Ã¢â‚¬Â¢ The components of the balance sheet; Ã¢â‚¬Â¢ The transactions that affect the income statement; Ã¢â‚¬Â¢ The importance of cash flow your business; Ã¢â‚¬Â¢ The benefits of working with a certified public accountant; Ã¢â‚¬Â¢ The advantages of budgeting. Transactions become more complex and varied for Dr. Sarah as she expands her business. The foundation of it all, however, remains a basic understanding of accounting. Get the solid foundation you need and avoid the mistakes that could wreck everything you’ve worked so hard for in The Doctor’s Guide to Owning a Financially Healthy Practice.